Phoenix area Real estate market goes from bust to BOOM!

2009/06/05 by

Yep. I’ve been predicting it for awhile. That subtle feeling that things they were a changin’ in the Real Estate world here in Chandler. I really didn’t need to have it confirmed, but the NY Times and LA Times have done just that. We’ve been called the most “unique market in the nation” by John Burns Real Estate Consulting firm. (Though I’m not sure exactly what “unique” means…is that like saying she’s got a “great personality?”)

Here’s what I’ve been seeing as I’ve been tracking list prices. Looks like trend to me.

Information compiled from the Arizona Regional MLS® and is deemed reliable but not guaranteed.
Information reflects average list prices of Single Family Detached Dwellings.

Comments

I love your sense of humor! This is really great news. I’ve seen the supply of homes for sale in AZ falling steadily on ListingSupply.com, but I didn’t think prices had turned around yet. I just hope the momentum continues through the summer.